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AndriyMoraru

Symmetrical Triangle on CAD/JPY @ D1

Short
Canadian Dollar / Japanese Yen (FX:CADJPY)  
AndriyMoraru Updated   
FX:CADJPY   Canadian Dollar / Japanese Yen
Chart Patterns Triangle Symmetrical Triangle chartpatterntrading breakout loonie yen
8
0
chartpattern triangle symmetricaltriangle chartpatterntrading breakout loonie yen
The symmetrical triangle on the daily chart of CAD/JPY offers an downside breakout trading opportunity. The triangle's borders are shown with the yellow lines. My potential entry level is at the cyan line. My potential take-profit level will be at the green line. I will use the highof the triangle's base as my stop-loss level (78.463).
Trade active:
Short triggered at 11:43 UTC today. Entry=75.419, SL=78.463, TP=71.466.
Trade closed: stop reached:
Stop-loss hit yesterday at 10:15 UTC.
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